The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) strengthened for the fifth-consecutive week as the Japanese Yen continued to tumble, and the coming week brings a flurry of central bank activity as well as a highly-anticipated G20 meeting sure to cause further price moves.

What a difference one week makes. After the briefest of reprieves, the Japanese Yen was bank in the gutter, weakening across the board in the second full trading week of February, but for against the British Pound, which it gained +0.92% against.

The decline that we have warned about for some time in these weekly forecasts began early this week with bullion breaking back below the 200-day moving average before plunging through key support at $1626.

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